# ## |||Page| |---|---|---| |Trustees'
report||1 - 11| |Statement oftrustees'|responsibilities|12| |Independent
auditor's|report|13-16| |Statement offinancial|activities|17-16| |Balance sheet||19-20| |Statement ofcash flows||21| |Notes to the financial|statements|22- 36| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||Notes||2020
8|2020|2020
8|2019
6|2019
8|2019f| ||endowments||from||||||| |Donations
and legacies|||3|3,752,392|77,371|3,829,763|3,529,240|144,166|3,673,406| |Charitable
activities|||4||||20,000||20,000| |Other trading|activities||5||99,906|99,906||111,608|111,608| |Investments|||6|86,839|12,305|99,144|95,619|13,132|108,751| |Other income|||7|23,810||23,810|1,316||1,316| |Total income||||3,863,041|189,582|4,052,623|3,648,175|268,906|3,915,081| |Raising funds|||8|15,056|855|15,911|15,835|913|16,748| |Charitable
activities|||9|3,369,217|518,803|3,886,020|2,616,101|606,244|3,222,345| |Total resources|||||||||| |expended||||3,384,273|517,658|3,901,931|2,631,936|607,157|3,239,093| |Net gains/(losses)||on|||||||| |investments|||13|(26,634)|(5,895)|(32,529)|221,609|13,419|235,028| ## ## |Net incomingl|||||||| |---|---|---|---|---|---|---|---| |(outgoing) resources|||||||| |before transfers||452,134|(333,971)|118,163|1,235,848|(324,832)|911,016| |Gross transfers|||||||| |between
funds||(461,416)|461,416||(436,977)|436,977|| |Net (outgoing)/incoming|||||||| |resources||(9,282)|127,445|118,163|798,871|112,145|911,016| |Other recognised|gains and losses||||||| |Revaluation
oftangible|||||||| |fixed assets|||||90,000||90,000| |Net movement
in funds||(9,282)|127,445|118,163|888,871|112,145|1,001,016| |Fund balances at 1|||||||| |January 2020||4,352,423|403,071|4,755,494|3,463,552|290,926|3,754,478| |Fund balances at|31||||||| |December 2020||4,343,141|530,516|4,873,657|4,352,423|403,071|4,755,494| ## ## |||||2020|2019| |---|---|---|---|---|---| ||||Notes||6| |Fixed assets|||||| |Tangible assets|||14|401,566|403,947| |Investments|||15|2,753,843|2,824,366| |||||3,155,409|3,228,313| |Current assets|||||| |Debtors|||17|1,109,960|1,377,573| |Cash at bank and|in|hand||1,785,151|913,831| |||||2,895,111|2,291,404| |Creditors: amounts||falling due within|||| |one year|||18|(857,609)|(444,969)| |Net current assets||||2,037,502|1,846,435| |Total assets less|current liabilities|||5,192,911|5,074,748| |Creditors: amounts||falling due after|||| |more than one year||||(319,254)|(319,254)| |Net assets||||4,873,657|4,755,494| |Income funds|||||| |Restricted funds|||20|530,516|403,071| |lLnnr:gtggtgt(190dg|||||| |Designated
funds|||21|320,000|190,000| |General unrestricted||funds||3,900,037|4,039,319| |Revaluation
reserve||||123,104|123,104| |||||4,343,141|4,352,423| |||||4,873,657|4,755,494| ## ## ## ## ## ||||||2020||2019|| |---|---|---|---|---|---|---|---|---| |||||Notes|6||5|| |Cash flows from operating||activities||||||| |Cash generated
from operations||||25||734,886||585,315| |Investing|activities|||||||| |Purchase|oftangible
fixed assets||||(704)||(132)|| |Purchase|of investments||||(862,768)||(651,961)|| |Proceeds|on disposal of investments||||900,762||430,184|| |Investment|income received||||99,144||108,751|| |Net cash generated
from/(used|||in)|||||| |investing|activities|||||136,434||(113,158)| |Financing|activities|||||||| |Repayment|ofbank loans||||||(50,000)|| |Net cash|used in financing|activities||||||(50,000)| |Net increase in cash and cash|||equivalents|||871,320||422,157| |Cash and|cash equivalents|at beginning||ofyear||913,831||491,674| |Cash and|cash equivalents|at end of||year||1,785,151||913,831| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2020|2020|2020|2019|2019|2019| |||6|6||F|F|5| |Donations and|gifts|3,752,392|77,371|3,829,763|3,142,539|144,166|3,286,705| |Legacies receivable|||||386,701||386,701| |||3,752,392|77,371|3,829,763|3,529,240|144,166|3,673,406| |Donations and|gifts||||||| |Parish Share||2,203,766||2,203,766|2,223,062||2,223,062| |RBBlock Grant||911,343||911,343|910,963||910,963| |Other Grants||628,770|77,371|706,141||144,166|144,166| |RBContribution|to||||||| |Diocesan Advisory|||||||| |Committe||8,333||8,333|8,333||8,333| |Parochical
Contribution||180||180|181||181| |||3,752,392|77,371|3,829,763|3,142,539|144,166|3,286,705| ## ## ## ## ## ## ||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||funds|funds||funds|funds|| ||2020|2020|2020|2019|2019|2019| ||8|f|f|F||F.| |Income from listed||||||| |investments|85,483|6,039|91,522|93,704|5,929|99,633| |Interest receivable|1,356|6,266|7,622|1,915|7,203|9,118| ||86,839|12,305|99,144|95,619|13,132|108,751| |Unrestricted|Unrestricted| |---|---| |funds|funds| |2020|2019| |6|6| |23,810|1,316| |Unrestricted|Restricted|Total|Unrestdcted|Restricted|Total| |---|---|---|---|---|---| |funds|funds||funds|funds|| |2020|2020|2020|2019|2019|2019| |8|8|8||F|F| |15,056|855|15,911|15,835|913|16,748| |15,056|855|15,911|15,835|913|16,748| ## ## ## ||||2020|2019| |---|---|---|---|---| |||||8| |Support for ministry|||2,212,652|2,430,435| |Support for parishes|||1,091,720|300,003| |Support for other|church property||42,967|46,801| |Grants and other|financial support||161,652|154,358| |Communications|and|publications|32,575|35,467| ||||3,541,566|2,967,064| |Share ofsupport|costs (see note 10)||289,549|195,278| |Share ofgovernance||costs (see note 10)|54,905|60,003| ||||3,886,020|3,222,345| |Analysis
by fund||||| |Unrestricted
funds|||3,369,217|2,616,101| |Restricted funds|||516,803|606,244| ||||3,886,020|3,222,345| ## ## ## |10|Support costs||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2020|Support|Governance|2019| |||costs|costs||costs|costs|| ||||6|||6|| ||Staffcosts|259,024||259,024|152,781||152,781| ||Depreciation|3,085||3,085|4,798||4,798| ||Heat, Light and Water|2,729||2,729|2,797||2,797| ||Telephone, fax and||||||| ||internet|3,537||3,537|3,255||3,255| ||Printing,
Postage and||||||| ||Stationery|2,719||2,719|5,602||5,602| ||Furniture
and computer||||||| ||expenses|5,550||5,550|5,867||5,867| ||Equipment
leasing||||||| ||charges|6,498||6,498|6,498||6,498| ||Repairs and Renewals|572||572|3,512||3,512| ||Caretaker/Cleaning|4,629||4,629|5,235||5,235| ||Miscellaneous|1,206||1,206|4,933||4,933| ||Audit fees||6,720|6,720||7,200|7,200| ||Legal and professional||40,574|40,574||28,081|28,081| ||Diocesan Insurance||6,039|6,039||6,100|6,100| ||Diocesan Conference||||||| ||Costs||548|548||1,961|1,961| ||Governing
Body||||||| ||Expenses||1,024|1,024||16,661|16,661| |||289,549|54,905|344,454|195,278|60,003|255,281| ||Analysed
between||||||| ||Charitable
activities|289,549|54,905|344,454|195,278|60,003|255,281| ## ## ## ## |The average|monthly
number ofemployees
during the|year was:|| |---|---|---|---| |||2020|2019| |||Number|Number| |||12|14| |Employment|costs|2020|2019| ||||8| |Wages and|salaries|238,048|267,691| |Social security costs||19,519|22,341| |Other pension costs||27,616|25,006| |Salary ofDiocesan Registrar||24,716|24,309| |Total Costs||309,899|339,347| ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2020|2020|2020|2019|2019|2019| |||6|6|f|8||| |Revaluation|of||||||| |investments||(26,634)|(5,895)|(32,529)|221,609|13,419|235,028| ## ## ## |Tangible fixed assets||||| |---|---|---|---|---| |||Freehold land|Fixtures and|Total| |||and buildings|fittings|| |||6|6|| |Cost or valuation||||| |At 1 January 2020||400,000|16,005|416,005| |Additions|||704|704| |Disposals|||(5,539)|(5,539)| |At 31 December 2020||400,000|11,170|411,170| |Depreciation
and impairment||||| |At 1 January 2020|||12,058|12,058| |Depreciation
charged|in the year||3,085|3,085| |Eliminated
in respect ofdisposals|||(5,539)|(5,539)| |At 31 December 2020||||9,604| |Carrying
amount||||| |At 31 December 2020||400,000|1,566|401,566| |At 31 December 2019||400,000|3,947|403,947| ## ## ## ||| |---|---| |Fixed asset investments|(Continued)| ||Listed| ||investments| ||8| |Cost orvaluation|| |At 1 January 2020|2,824,366| |Additions|862,788| |Valuation
changes|(32,529)| |Disposals|(900,762)| |At 31 December 2020|2,753,843| |Carrying
amount|| |At 31 December 2020|2,753,843| |At 31 December 2019|2,824,366| ||||||||| |---|---|---|---|---|---|---|---| |16|Financial||instruments|||2020
6|2019f| ||Carrying|amount of||financial assets|||| ||Instruments||measured|at fair value through|profit or loss|2,753,843|2,824,386| |17|Debtors||||||| |||||||2020|2019| ||Amounts||falling due|within one year:||8|6| ||Trade debtors|||||498,267|564,829| ||Other debtors|||||292,439|493,490| |||||||790,706|1,058,319| ## ## |17|Debtors|||||IContinued)| |---|---|---|---|---|---|---| ||||||2020|2019| ||Amounts
falling due|after more than one year:|||6|8| ||Due from Parishes re|Provincial
Housing|Loans||260,250|260,250| ||Due from Parishes re|Curates Housing|Loans||59,004|59,004| ||||||319,254|319,254| ||Total debtors||||1,109,960|1,377,573| |18|Creditors: amounts|falling due within|one year|||| ||||||2020f|2019
8| ||Accruals and deferred|income|||857,609|444,969| |19|Creditors: amounts|falling due after more than one year||||| ||||||2020|2019| ||||||8|8| ||Representative
body|loans|||319,254|319,254| ||Loans are repaid to the Diocese when the related property|||has been sold.||| |||||M
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M|| ## ## |||||||||Balance at|Balance at|Transfers|Balance at| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||1 Januanl 201$ 1January
2020|||31Decembel| ||||||||||||2020| ||||||||||||E| |Leadership||Training||||||15,500|15,500||15,500| |Children,|Youth and||||Familiy||Ministry Projects|28,000|28,000||28,000| |Pioneer|Ministry||and Mission||||Project|16,500|16,500||16,500| |100th Anniversary||||planning||reserve||5,000|5,000||5,000| |Contribution||to MA||Finance||Resource||5,000|5,000||5,000| |Evangelism||Fund||||||120,000|120,000|130,000|250,000| |||||||||190,000|190,000|130,000|320,000| ## ## ## ## ## |25|Cash generated
from|Cash generated
from|operations|operations|operations||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||6|6| ||Surplus for the year||||||||118,163|911,016| ||Adjustments
for:|||||||||| ||Investment
income recognised||||in statement|offinancial|activities||(99,144)|(108,751)| ||Fair value gains and|losses on|||investments||||32,529|(235,028)| ||Depreciation
and impairment|||oftangible fixed assets|||||3,085|4,798| ||Movements
in working||capitak|||||||| ||Decrease/(increase)|in|debtors||||||267,613|(185,089)| ||Increase
in creditors||||||||412,640|198,369| ||Cash generated
from||operations||||||734,886|585,315| |26|Analysis ofchanges||in net funds|||||||| |||||||||At 1January|Cash flows|At 31 Dacambar| |||||||||2020||2020| |||||||||6|6|6| ||Cash at bank and in|hand||||||913,831|871,320|1,785,151| ||Loans falling due after||more than one year|||||(319,254)||(319,254)| |||||||||594,577|871,320|1,465,897|